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Central States Fair

Tax-deductible

Rapid City, SD501(c)(5)Since 1945Education EIN 46-0238981Revenue $6.1M in FY2025

On file with the IRScentralstatesfair.com800 San Francisco St, 57701-3057 · Rapid City, SDTax-exempt since Feb 1958

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We showcase agriculture, tourism, and our community.

501(c)(5) labor or agricultural organization; the IRS lists gifts to it as tax-deductible.
Run by 203 volunteers and 241 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $452K a year · 9% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$112K
to officers and key staff · 2% of spending
Top officer’s pay lower than 60% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $92K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$373K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.1M
+18% vs prior year
Spent
$4.9M
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$6.1M
FY2025▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.5M
FY2021$4.3M
FY2022$4.4M
FY2023$5.7M
FY2024$5.1M
FY2025$6.1M
Expenses
$4.9M
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.3M
FY2021$3.7M
FY2022$4.2M
FY2023$5.1M
FY2024$5.2M
FY2025$4.9M
Net assets
$2.7M
FY2025▲ +72%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.5M
FY2021$6.1M
FY2022$6.2M
FY2023$6.8M
FY2024$1.6M
FY2025$2.7M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1958.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

15 people listed on the 990; $112K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Ron Jeffries
General Mana
$111,609Pt VII · Sec A
$0Pt VII · Sec A
Jim Hunt
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Roger Porch
Treasurer
$0Pt VII · Sec A
Tyler Trevillyan
Past Preside
$0Pt VII · Sec A
Louie Brunson
Board Member
$0Pt VII · Sec A
James Halverson
Board Member
$0Pt VII · Sec A

Ron Jeffries’s $112K as General Mana is at the 40th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ron Jeffries$111,609$111,609$109,165$102,801$102,147$97,766

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Central States Fair executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Hosts a regional fair with agricultural exhibits, entertainment, and community events.

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Central State Fair

Agricultural livestock exposition, fair and carnival

Pt IX · col B
02

Black Hills Stock Show

Livestock exposition

Pt IX · col B
03

Events Center

Community activities

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Central States Fair FoundationFY2024$60K
Monument Health Rapid City Hospital INCFY2024$20K
Black Hills Stock Show FoundationFY2024$12K
Total grants receivedfrom 3 funders$92K
See all 3 funders →
Grants paid · 2 grants · $24K · 2019–2022
Central States Fair FoundationSD · FY2022$12,058
Central States Fair FoundationSD · FY2019$12,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$6.1M
Ln 12
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$1.8M
Other incomeLn 4–11$1.5M
Money outPt IX
$4.9M
Ln 25
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$583K
Total assetsLn 16$3.1M
LiabilitiesLn 26$373K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Government grantsLn 1e$980K
Noncash giftsLn 1g$83K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$3K
Other incomeLn 4–11$1.5M
Gains on assetsLn 7−$8K
Total revenueLn 12$6.1M
Assets in detailPt X, end of year
CashLn 1$56K
SavingsLn 2$526K
Cash and savings togetherLn 1–2$583K
InvestmentsLn 11–13$23K
Land, buildings, equipmentLn 10c$656K
Total assetsLn 16$3.1M
LiabilitiesLn 26$373K
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 5241
VolunteersI 6203
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$728K$583K
InvestmentsLn 11–13$24K$23K
Land, buildings, equipmentLn 10c$641K$656K
Total assetsLn 16$1.9M$3.1M
LiabilitiesLn 26$362K$373K
Net assetsLn 32$1.6M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$117K
Other salaries and wagesLn 7$1.2M
Pension plan contributionsLn 8$19K
Other employee benefitsLn 9$69K
Payroll taxesLn 10$109K
Accounting feesLn 11c$27K
Other fees for servicesLn 11g$1.1M
Advertising and promotionLn 12$55K
Office expensesLn 13$220K
OccupancyLn 16$848K
TravelLn 17$26K
Conferences, conventions and meetingsLn 19$20K
Depreciation, depletion and amortizationLn 22$73K
InsuranceLn 23$91K
Other expenses (24a–d)Ln 24$1.0M
Total functional expensesLn 25$4.9M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $6.1M$4.9M$1.1M$2.7M 990 PDF
FY2024 $5.1M$5.2M−$31K$1.6M 990 PDF
FY2023 $5.7M$5.1M$641K$6.8M 990 PDF
FY2022 $4.4M$4.2M$121K$6.2M 990 PDF
FY2021 $4.3M$3.7M$607K$6.1M 990 PDF
FY2020 $3.5M$3.3M$241K$5.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $6,063,449 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,669,354$2,742,512
I-9 Program service revenuePrior year $1,856,436$1,832,500
I-10 Investment incomePrior year −$1,179$3,249
I-11 Other revenuePrior year $1,616,639$1,485,188
I-12 Total revenuePrior year $5,141,250$6,063,449
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,510,166$1,514,757
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,662,509$3,414,683
I-18 Total expensesPrior year $5,172,675$4,929,440
I-19 Revenue less expensesPrior year −$31,425$1,134,009
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,063,449 across 12 lines filed
Lines not itemized here account for $641,783 of total revenue; see the IRS return.
VIII-1b Membership dues$6,165
VIII-1d Related organizations$59,975
VIII-1e Government grants$980,366
VIII-1f All other contributions, gifts and grants$1,696,006
VIII-1g Noncash contributions (included above)$83,300
VIII-1h Total contributions, gifts and grants$2,742,512
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,832,500$1,832,500
VIII-3 Investment incomeExcluded from tax $11,069$11,069
VIII-6 Net rental income or lossRelated to mission $843,052$843,052
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$7,820−$7,820
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $353$353
VIII-12 Total revenueRelated to mission $3,317,688 · Excluded from tax $3,249$6,063,449
Part IX · Statement of functional expenses $4,929,440 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$116,977
IX-7 Other salaries and wages$1,201,281
IX-8 Pension plan contributions$18,732
IX-9 Other employee benefits$68,514
IX-10 Payroll taxes$109,253
IX-11c Accounting fees$26,839
IX-11g Other fees for services$1,055,206
IX-12 Advertising and promotion$54,789
IX-13 Office expenses$219,587
IX-16 Occupancy$847,594
IX-17 Travel$26,091
IX-19 Conferences, conventions and meetings$20,273
IX-22 Depreciation, depletion and amortization$72,875
IX-23 Insurance$91,182
IX-24 Other expenses (24a–d)$1,000,247
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$4,929,440
Part X · Balance sheet $3,093,129 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $212,863$56,113
X-2 Savings and temporary cash investmentsStart of year $515,022$526,473
X-4 Accounts receivableStart of year $451,513$1,740,561
X-8 Inventories for sale or useStart of year $60,238$45,694
X-9 Prepaid expenses and deferred chargesStart of year $42,632$44,767
X-10c Land, buildings and equipment, netStart of year $641,013$656,223
X-11 Publicly traded securitiesStart of year $24,138$23,298
X-16 Total assetsStart of year $1,947,419$3,093,129
X-17 Accounts payable and accrued expensesStart of year $320,618$352,606
X-19 Deferred revenueStart of year $41,001$20,716
X-26 Total liabilitiesStart of year $361,619$373,322
X-27 Net assets without donor restrictionsStart of year $1,281,635$1,356,061
X-28 Net assets with donor restrictionsStart of year $304,165$1,363,746
X-32 Total net assets or fund balancesStart of year $1,585,800$2,719,807
X-33 Total liabilities and net assetsStart of year $1,947,419$3,093,129
Part XI · Reconciliation of net assets $2,719,807 net assets at year end
XI-1 Total revenue$6,063,449
XI-2 Total expenses$4,929,440
XI-3 Revenue less expenses$1,134,009
XI-4 Net assets at start of year$1,585,800
XI-9 Other changes in net assets−$2
XI-10 Net assets at end of year$2,719,807

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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